Best Buy-to-Let Remortgage Rates Compared

Whether you’re remortgaging a buy-to-let-property because your fixed deal is ending or just to take advantage of a better rate, exploring all your options before committing is the only way to make sure you get the best deal available to you.

Take a look at our rates table below to get an idea of the buy-to-let remortgage deals currently available…

*All of the rates and terms above are purely for example purposes, were correct at the time of writing and are subject to change at any time at the lender’s discretion*

How to compare buy-to-let remortgage rates

With hundreds of lenders and countless products to sort through when it comes to comparing buy-to-let remortgage rates, just getting your list down to those you are eligible for is a mammoth task in itself.

Online rates tables can’t help with this as they aren’t bespoke to you, nor are they whole-of-market.

Using our broker-matching service to find a buy-to-let mortgage specialist is a better bet because…

• You will gain access to more rates, including broker-exclusive deals
• The rates and deals recommended will be bespoke to you
• Your broker will help you secure the best buy-to-let remortgage deal
• They will guide you through every step of the application process

To get matched with a buy-to-let remortgage specialist, get in touch.

What is a typical rate for a buy-to-let remortgage?

The table at the top of this article will provide a good illustration of what rates are currently available. But it’s important to remember that there are several factors lenders consider when determining the best rate they can offer you.

These include:

• Loan to value
• Expected rental income
• Any other income
• Your landlord experience
• Credit files

Buy-to-let mortgage rates are usually a little higher than those for standard residential mortgages. This is because lenders see buy-to-let mortgages as higher risk. But with a strong application and solid business plan, competitive rates are available for landlords.

For full details of eligibility criteria, read our guide to buy-to-let mortgages.

How the LTV influences your interest rate

Loan to value is the amount you borrow reflected as a percentage of the property’s value. So, for example, if you borrow £100,000 on a £200,000 property, your LTV is 50%. This is a key element of your application and can heavily influence the deal you’re offered. Different mortgage rates will apply for different LTV bands.

Lenders are wary of buy-to-let mortgages because of the risk of the property being vacant for a period of time. This concern is reflected in the rates offered. Sometimes, when remortgaging a buy-to-let your situation has improved and you can borrow more money at a lower rate.

If the value of your property has gone up significantly since you took out your previous mortgage, you may have moved into a lower LTV band and have a wider choice of lenders than before. And this can result in lower rates.

Why use Online Mortgage Advisor for your buy-to-let remortgage?

Trying to assess every possible deal while also predicting future rate changes is putting lots of landlords in a tricky position. Which is why expert help has never been more important.

An experienced buy-to-let remortgage advisor will take the pragmatic view that borrowers sometimes find difficult. Taking emotion out of the decision, they will simply present facts and data to help you pick the best deal for you.

Our broker matching service will assess your situation and pair you up with a mortgage broker who has a track record of supporting people just like you to secure the best rate on a buy-to-let remortgage.

To speak to an expert call 0808 189 2301 or enquire online.